Brunswick Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Acquisitions (Tables)

Acquisitions (Tables)

6 Months Ended

Jun. 29, 2019

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The following table is a summary of the assets acquired, liabilities assumed and net cash consideration paid for the Power Products acquisition during 2018:



(in millions)	Fair Value		Useful Life
Accounts and notes receivable	$	38.3
Inventory	64.3
Goodwill ^{(A) (B)}	351.6
Trade names	111.0		Indefinite
Customer relationships	430.0		15 years
Property and equipment	10.6
Other assets	5.6
Total assets acquired	1,011.4

Accounts payable ^(B)	27.3
Accrued expenses ^(B)	19.8
Deferred tax liabilities	54.7
Total liabilities assumed	101.8

Net cash consideration paid	$	909.6

(A) The goodwill recorded for the acquisition of Power Products is partially deductible for tax purposes.

(B) Includes $4.4 million and $3.0 million of purchase accounting adjustments in the first and second quarters of 2019, respectively, primarily related to contingency reserves.

Business Acquisition, Pro Forma Information [Table Text Block]

The pro forma results include adjustments primarily related to interest expense on the Term Loans and amortization of intangible assets.



	Three Months Ended				Six Months Ended
(in millions)	June 29, 2019		June 30, 2018		June 29, 2019		June 30, 2018
Pro forma Net sales	$	1,163.5	$	1,212.1	$	2,214.2	$	2,240.4
Pro forma Operating earnings	162.7		100.5		276.8		183.7
Pro forma Net earnings from continuing operations	112.0		64.9		189.7		118.0